Download or read book Two Essays on Empirical Tests Related to Capital Structure Theory written by Ning Ma and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses capital structure theories, with special attention to partial-adjustment model. Strategic waiting theory of IPO firms and its relation to market timing theory are also discussed. Two empirical tests related to capital structure theory are included. First one is a test on the relation between a firm's strategic waiting behavior in IPO market and its stock return. Second one is on the relation of a firm's strategic waiting behavior in IPO market and its subsequent capital structure decision.